Insider Selling: John Madigan Sells 1,001 Shares of Aviat Networks Stock (AVNW)
Aviat Networks (NASDAQ:AVNW) VP John Madigan sold 1,001 shares of Aviat Networks stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $2.60, for a total value of $2,602.60. Following the transaction, the vice president now directly owns 68,695 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Needham & Company cut their price target on shares of Aviat Networks (NASDAQ:AVNW) from $3.50 to $3.00 in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Shares of Aviat Networks (NASDAQ:AVNW) traded down 0.19% on Wednesday, hitting $2.58. 224,410 shares of the company’s stock traded hands. Aviat Networks has a 1-year low of $2.20 and a 1-year high of $3.90. The stock has a 50-day moving average of $2.60 and a 200-day moving average of $2.8. The company’s market cap is $155.8 million.
Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $110.00 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts predict that Aviat Networks will post $0.13 earnings per share for the current fiscal year.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.